We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First time buying 95% Vs 90%
Chernobgg
Posts: 10 Forumite
My partner and I live and work in the Southeast. We are saving for a deposit. We are reaching the point where we could get a 95% LTV.
We recently visited friends who live in a more affordable city and we were impressed by what they could afford.
I see three options:
1) 95% LTV in the southeast
2) save longer for a 90%
3) move to a more affordable city which would include a career change for one of us
Any one had a similar situation? What are people's experiences of 95% LTV? Any advice would be greatly appreciated.
We recently visited friends who live in a more affordable city and we were impressed by what they could afford.
I see three options:
1) 95% LTV in the southeast
2) save longer for a 90%
3) move to a more affordable city which would include a career change for one of us
Any one had a similar situation? What are people's experiences of 95% LTV? Any advice would be greatly appreciated.
0
Comments
-
Probably best off asking on the mortgage boardMortgage started 2020, aiming to clear 31/12/2029.0
-
My personal experience was that it was relatively easy to get a 95% LTV mortgage, but that you end up paying a lot in interest because of the higher interest rate. As a FTB, I don't think I fully appreciated the difference a few percentage points makes.2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
Mortgage Overpayment Total: £22,397.10
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards